Optimization Travel Agency

A travel agent currently has 80 people signed up for a tour. The price of a ticket is $5000 per person. The agency has chartered a plane seating 150 people at a cost of $250 000. Additional costs to the agency are incidental fees of $300 per person. For each $30 that the price is lowered, one new person will sign up. How much should the price per person be lowered to maximize the profit for the agency?

A travel agent currently has 80 people signed up for a tour. The price of a ticket is $5000 per person. The agency has chartered a plane seating 150 people at a cost of $250 000. Additional costs to the agency are incidental fees of $300 per person. For each $30 that the price is lowered, one new person will sign up. How much should the price per person be lowered to maximize the profit for the agency?